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Posts tagged "conspiracy"

Will only small fish fry for the 'London Whale' fraud?

The “London Whale” is a nickname for a trader for JPMorgan Chase & Co.’s Chief Investment Office in London who was known for his enormous wagers on credit derivatives. The London Whale refers to allegations that certain people at the London office improperly valued those derivatives in an effort to hide the full extent of the bank’s losses from investors and regulators -- losses now estimated at $6 billion.

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